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Will Hochul convince Micron to build massive facility in Syracuse?

Last week in Syracuse, Governor Kathy Hochul said she had offered a “robust” incentive package to an undisclosed memory chipmaker to build a multi-billion dollar factory in White Pine Commerce Park outside of Syracuse. Now, some are speculating that chip company could be Idaho-based Micron Technology.

The news comes as chip companies from around the world look to build factories in the U.S. thanks to a $52 billion dollar federal incentive program called the CHIPS Act, according to Albany Times-Union.

Micron Technology is looking to spend $40 billion on a massive chip manufacturing facility somewhere in the U.S., with Texas, North Carolina, Arizona, and California being mentioned as possible locations along with New York. The proposed project is much larger and more expensive than those planned by other companies.

Gov. Hochul revealed on her trip to Syracuse that she offered an incentive package to an unnamed company to build a chip manufacturing complex that would employ 5,000 people. Micron is the only company currently looking to build a chip factory that large in the U.S.

Neither Micron nor New York state would confirm or deny an offered was made to the company.